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The United States economy after World War I was marked by the Roaring Twenties, followed by the Great Depression, and then the implementation of the New Deal under President Roosevelt.
Roaring Twenties describes the United States economy immediately after World War I. This period was characterized by economic prosperity, cultural change, and technological advancements, such as the mass production of automobiles and the introduction of new entertainment forms like jazz and talking films.
The economic growth during the Roaring Twenties came to a sudden halt with the Great Depression in 1929, marked by the stock market collapse, widespread unemployment, and severe economic downturn. This led to significant social and economic challenges, including mass unemployment and homelessness.
President Franklin Roosevelt's election in 1932 ushered in the New Deal era, a series of programs aimed at alleviating the effects of the Great Depression by creating jobs, regulating the economy, and providing social security measures for Americans.
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